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Worcester 01610 Vernon Hill
2 Vernon Terrace
$6,000
● Land - Off Market

2 Vernon Terrace

Worcester, MA 01610
bedrooms
Studio
bathrooms
0 Bath
$16,975
RealtyHop Estimate
69.75%
Since Jul 1, 2016
National-US
Primary Model

About This Property

Non conforming potentially buildable lot with a variance ( buyer to confirm with the city)  that previously had a house on it-Buyer's agent to perform due diligence. Seller's agent has limited information. Perfect for parking-it currently has a driveway on the lot that was used by the previous home. Drawing shown is from the city of Worcester zoning map-A great investment for short money!!!!
Unit Size
-
Days on Market
-
Land Size
0.08 acres
Price per sqft
-
Property Type
Land
Property Taxes
$3
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #71951404)

Price History

Date / Event Date Event Price
Jun 28, 2016 Sold
Premium
Sold
Jan 22, 2016 Listed by ERA Key Realty Services- Fram $10,000
Listed by ERA Key Realty Services- Fram
Jun 7, 2005 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,660
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000000084
  • Standard Land Use Code: 8012
  • County Land Use Code: 132

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 732400

Zoning

  • Zoning: RG-5

Geography

  • Account Number: 5-037-00051
  • Parcel: WORC M:05 B:037 L:00051
  • Block: 37
  • Lot: 51
  • Municipality: WORCESTER
  • Latitude: 42.2512
  • Longitude: -71.7946

    Address

  • Full Address: 2 Vernon Ter
  • Address - House Number: 2
  • Address - Street Name: Vernon
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Worcester
  • Carrier Code: C015
  • 4-Digit Zip Code: 1921
  • Zip Code: 01610

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,700
  • Initial Tax Delinquent Year: 2024

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,300
  • Assessed Land Value: $3,300

    Sales

  • Current Sale Recording Date: Jun 28, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 67800
  • Previous Sale Recording Date: Jun 07, 2005
  • Previous Sale Amount: $13,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Vernon Hill

Stats & Trends

Median Asking:

$679,900

Sale Price/ft²

$205

Below Asking

0.01%

Average Days on Market

58

Average Home Size

2785 ft²

Average Home Age

114 years

Currently For Sale

20 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 42 Vernon Street, MA, 01610

$958 /mo

  • 1 Bed
  • 1 Bath
42 Vernon Street, MA, 01610 Listing by Rick Rivera
Unit for rent at 27 Mount Vernon St, MA, 01605

$1,882 /mo

  • 1 Bed
  • 1 Bath
27 Mount Vernon St, MA, 01605 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71951404

Frequently Asked Questions

When was property at 2 Vernon Terrace built and last sold?
The property at 2 Vernon Terrace was built in and last sold on Jan 1, 1970 for $6,000.
How much is this home worth?
The estimated value of the home located at 2 Vernon Terrace is $10,100.
What are some comparable homes to 2 Vernon Terrace?
There are currently no comparable homes to 2 Vernon Terrace.
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